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Virginia Code Title 38.2. Insurance § 38.2-1424. Guaranteed stocks

Current as of January 01, 2025 | Updated by Findlaw Staff

A domestic insurer may invest in stocks guaranteed by a solvent company incorporated under the laws of the United States or of any state if for the past three years the guarantor's net earnings available for meeting fixed charges is at least 1 1/4 times the sum of (i) the fixed charges of the guarantor and (ii) the dividends on the guaranteed stock.

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Cite this article: FindLaw.com - Virginia Code Title 38.2. Insurance § 38.2-1424. Guaranteed stocks - last updated January 01, 2025 | https://codes.findlaw.com/va/title-38-2-insurance/va-code-sect-38-2-1424/

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